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Markets - Page 96

Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

U.S. President Donald Trump has threatened to impose 100 per cent tariffs on all Canadian goods entering the United States, sharply escalating trade tensions between the two North American allies over Canada’s recent trade engagement with China. Trump issued the warning via

January 25, 2026

NGX ASI Further Drops By 0.67%, As BUA Cement, Eterna Among Top Losers

Business·Markets·News

NGX: Investors Lose N468.4 Billion Amid Profit-Taking Surge

In the bustling world of Nigeria’s stock market, investors trading on the Nigerian Exchange Limited (NGX) segment found themselves grappling with a significant setback. Over three days, their collective investment took a staggering hit, plummeting by an estimated N468.4 billion. This downturn,

March 21, 2024

NNPC Initiates Process For Stock Market Listing, Says CEO Mele Kyari

Business·Markets·News·Oil & Gas

NNPC Stock Market Listing Will Commence Soon, Says CEO Mele Kyari

Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), announced on Wednesday during the 2024 CERAWEEK in Houston, United States, that the long-awaited public listing of NNPC’s shares would soon commence, in line with the provisions

March 21, 2024

Just In: CBN Resumes Fx Sale To BDCs At N1,021/$1

Business·Markets·News

CBN Clears $7bn Forex Backlog, Boosting Economic Confidence

The Central Bank of Nigeria has announced the successful clearance of all valid foreign exchange (Forex) backlogs, marking a significant milestone in the nation’s economic journey. This accomplishment fulfills a commitment made by CBN Governor, Mr Olayemi Cardoso, to address an inherited

March 21, 2024

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Business·Markets·News

Naira Trades For N1,400/$1 In Parallel Market As Speculators Remains Cautious

The Naira is on a winning streak as parallel market operators offer a buy price of N1400/$1, signaling a significant strengthening against the dollar. In conversations with Prime Business Africa, traders in the parallel market disclosed that the Naira’s value has surged,

March 20, 2024

Nigeria's Stock Market Rises As Investors Target Undervalued Shares

Business·Markets·News

NGX Market Continues Decline As Investors Lose N62.21bn

For the second day straight, the Nigerian Equities Market (NGX) saw a downturn, leaving investors with a collective loss of N62.21 billion. The NGX-All Share Index (ASI) dropped to 104,553.31, down from the previous day’s 104,663.34. Market capitalization also took a hit,

March 19, 2024

Israel-Iran Crisis: Crude Oil Prices Will Rise Above $90 Per Barrel If Conflict persists

Markets·News·Oil & Gas·World News

Crude Oil Prices Surge To $86 Amidst Ukraine’s Attacks On Russian Refineries

The global crude oil market has been rocked by a surge in prices, triggered by relentless attacks on Russian refineries by Ukrainian fighters. Within just a week, prices of various crude oil benchmarks have skyrocketed, leaving analysts and consumers alike grappling with

March 19, 2024

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Business·Markets·News

NGX: MTNN, DAARCOMM, Others Top Losers As Shareholders Lose N239bn

The NGX, Nigeria’s stock exchange, kicked off the week with a bearish tone, witnessing a decline in the All-Share Index by 0.4%, leading to a loss of 421.91 points, closing at 104,663.34 points. This dip resulted in shareholders collectively losing N239 billion,

March 19, 2024

Business·Currency·Markets·News

FX: Naira Depreciates To N1,610/$1 At Parallel Market

The Naira experienced a setback on Monday, slipping to N1,610 against the Dollar in the parallel section of the foreign exchange (FX) market. This marks a 0.63 percent decline from the N1,600/$ recorded just a few days ago on March 15. “Bureau

March 18, 2024

Business·Markets·News

NGX: MTNN, GTCO, Others Top List To Watch Out For This Week

As the Nigerian Exchange (NGX) gears up for another week of trading, investors are eyeing potential winners after a robust performance in the previous week. With a surge in market capitalization and the All-Share Index (ASI), stocks like MTNN, GTCO, and others

March 18, 2024

Business·Markets·News

Ponmo Consumption Contributing To Nigeria FX Crisis- Former Akwa Ibom Gov

Former Akwa Ibom State Governor, Victor Attah lamented Nigeria’s Foreign exchange (FX) crisis caused by cowhide (Ponmo) consumption instead of exporting. In a thought-provoking speech at the 2024 Institute of Certified Sales Professionals investiture ceremony, he spotlighted Nigeria’s overlooked potential for foreign

March 18, 2024

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Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

U.S. President Donald Trump has threatened to impose 100 per

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Nigeria’s customs authority has introduced new rules for courier companies

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity

Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

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Markets - Page 96

Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

NGX: Investors Lose N468.4 Billion Amid Profit-Taking Surge

NNPC Stock Market Listing Will Commence Soon, Says CEO Mele Kyari

CBN Clears $7bn Forex Backlog, Boosting Economic Confidence

Naira Trades For N1,400/$1 In Parallel Market As Speculators Remains Cautious

NGX Market Continues Decline As Investors Lose N62.21bn

Crude Oil Prices Surge To $86 Amidst Ukraine’s Attacks On Russian Refineries

NGX: MTNN, DAARCOMM, Others Top Losers As Shareholders Lose N239bn

FX: Naira Depreciates To N1,610/$1 At Parallel Market

NGX: MTNN, GTCO, Others Top List To Watch Out For This Week

Ponmo Consumption Contributing To Nigeria FX Crisis- Former Akwa Ibom Gov

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Dollar Appreciates Against Naira In Black Market, Trades At N1,454/$

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Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Behind the Geregu Power Sale: Politics and a $750m Deal

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

Dollar Appreciates Against Naira In Black Market, Trades At N1,454/$

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Markets - Page 96

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